Pinnacle Announces It Now Covers Crypto Withdrawal Fees

[SportsBettor5]

We’re excited to share some positive updates to our crypto withdrawal process, coming into effect from 1 June.

As part of our continued focus on providing better value and a smoother withdrawal process, Pinnacle will now cover the crypto payout fee on your behalf. While standard blockchain network fees will still apply, this change means lower overall withdrawal costs for you.

And don't forget, you can already benefit from a 1x wagering requirement for fee-free withdrawals on crypto, helping to make accessing your winnings faster and more straightforward.

These changes reflect our commitment to continuously improving your experience and delivering greater convenience for all our customers.



Thank you for playing with Pinnacle.




Best regards,

The Pinnacle Team




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My question: If a player requests $50k as crypto, will he now receive precisely that amount as determined by the conversion rate at coinmarketcap or bitstamp? In the past, Pinnacle has chopped out a significant portion of crypto payouts due to unspecified "conversion fees".




Trying to determine if this is a significant change or not. Hope someone will report back after taking a crypto payout there.

[Optional]

My question: If a player requests $50k as crypto, will he now receive precisely that amount as determined by the conversion rate at coinmarketcap or bitstamp? In the past, Pinnacle has chopped out a significant portion of crypto payouts due to unspecified "conversion fees".

I'd assume that is the "crypto payout fee" they are dropping and payments will match the nominated exchange rate.

[SportsBettor5]

I'd assume that is the "crypto payout fee" they are dropping and payments will match the nominated exchange rate.

I suspect this is not the case, and I hope you are correct.

Prior to this change, Pinnacle offered one free withdrawal per calendar month and then would charge a flat $10 fee on subsequent crypto withdrawals in that calendar month. That $10 fee has never been a big deal, and I'm guessing that's the fee that Pinnacle has now eliminated.

On the other hand, one can find forum reports from the past five years in which players attempted to withdraw their balance via crypto and ended up paying hidden conversion fees. Pinnacle's primary competition---betonline.ag, bookmaker.eu, paradisewager.com, bet105.ag, 4casters.io--- has not typically taken such fees.

A current report or two from a trusted poster about crypto withdrawals at Pinnacle would resolve this question.

[ronald]

I suspect this is not the case, and I hope you are correct.

Prior to this change, Pinnacle offered one free withdrawal per calendar month and then would charge a flat $10 fee on subsequent crypto withdrawals in that calendar month. That $10 fee has never been a big deal, and I'm guessing that's the fee that Pinnacle has now eliminated.

On the other hand, one can find forum reports from the past five years in which players attempted to withdraw their balance via crypto and ended up paying hidden conversion fees. Pinnacle's primary competition---betonline.ag, bookmaker.eu, paradisewager.com, bet105.ag, 4casters.io--- has not typically taken such fees.

A current report or two from a trusted poster about crypto withdrawals at Pinnacle would resolve this question.

I can confirm that Pinnacle pays the amount requested, with very nominal discrepancies between the market value and the actual amount received. For the longest time this wasn't the case. Very positive change for Pinnacle.